Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0101%/8h= −11.0% APRpaid last 24h −0.024%

Price spread now: gTrade (Gains Network) against Gate+0.018%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BONK_USDT	0.000003359	0.0100	pay 0.0050% / 4h	2h 32m	$739K	$2.6M	50x
Short	gTrade (Gains Network) BONK/USD	0.000003360	L 0.0000% / S +0.0001%	pay 0.0000% / 1h	32m 04s	$1K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.018%Rate

Funding earned: −$21.17
Price spread: +0.018% → 0.000%: $1.79
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$44.38
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 1 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 1 min ago	2.98 bp	23.5 bp −$24	87.9 bp −$879	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BONK on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit 1000BONK_USDC-PERPETUAL	−0.0344%	1h	0.000003363	+0.119%	$2K	$110K	10x	as long as short
Coinbase International 1000BONK-PERP-INTX	−0.0320%	1h	0.000003350	−0.268%	$43K	$21K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003356	−0.089%	$1.0M	$13.1M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0042%	4h	0.000003363	+0.119%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USDshort	L 0.0000% / S +0.0001%	1h	0.000003360	+0.018%	$1K	—	150x
dYdX BONK-USD	0.0000%	1h	0.000003358	−0.034%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.531%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003361	+0.070%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003364	+0.149%	$198K	$289K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003359	+0.015%	$20K	$103K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003364	+0.157%	$67K	$252K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003360	+0.030%	$115K	$116K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003361	+0.047%	$15.1M	$49.8M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003359	0.000%	$10.2M	$16.2M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003362	+0.089%	$2.4M	$7.6M	20x	as long as short
Gate BONK_USDTlong	+0.0100%	4h	0.000003359	long leg	$739K	$2.6M	50x
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003359	0.000%	$9.8M	$6.6M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003359	0.000%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003357	−0.060%	$4.2M	$3.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003358	−0.030%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003363	+0.119%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003371	+0.369%	$303K	$104K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003377	+0.536%	$57K	$693K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003366	+0.208%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003361	+0.060%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003361	+0.060%	$79K	$118K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003360	+0.034%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003362	+0.089%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.688%	$562	—	100x	as long as short
Hyperliquid kBONK	+0.0720%	1h	0.000003368	+0.268%	$9.9M	$7.0M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1141%	1h	0.000003367	+0.230%	$205K	$159K	50x	as long as short